COPEL Completes Strategic Divestment of Compagas

Companhia Paranaense de Energia Pfd (ELP) has released an update.

Companhia Paranaense de Energia – COPEL has successfully completed the sale of its 51% stake in Companhia Paranaense de Gás (Compagas), advancing its strategy to concentrate on core operations and reduce its carbon footprint. The initial payment represents 40% of the transaction’s equity value, amounting to R$ 906.0 million, with the balance to be settled in two subsequent installments by September 2026. This move aligns with COPEL’s commitment to optimizing its business portfolio and enhancing shareholder value.

For further insights into ELP stock, check out TipRanks’ Stock Analysis page.